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more Clear Channel more often
So what do you good folks make of this? Is there anything Clear Channel
won't own before too much longer, and how will this affect the media
landscape? This is from www.newsblues.com
CLEAR CHANNEL BUYS ACKERLEY
Radio mega-monster Clear Channel Communications has agreed to acquire
outdoor media and broadcasting company Ackerley Group in a stock deal worth
about $495 million. (the deal values at about $800 million, including the
assumption of about $294 million of its debt.)
Ackerley, which owns 20 stations in New York, California and Oregon, has
been staggered by the economy. In August, their group president, Dennis
Curley, resigned after the company chopped management salaries by
10-percent across the board. [rest snipped]